Pulchritudin
2023-03-17

Credit Suisse Getting The SVB Treatment From Investors AND Regulators

After spending a few days dealing with the banking disaster almost no one saw coming, investors and regulators on Wednesday turned their attention to the slow-motion banking disaster almost everyone saw coming.

In the wake of US regulators moving quickly to contain the contagion of the Silicon Valley Bank collapse by backstopping its deposits, their European counterparts were forced to confront a similar reality with perpetually-troubled lender Credit Suisse before coming to a similar conclusion. Credit Suisse announced Thursday morning it would borrow up to $54 billion from the Swiss central bank.

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Comments

  • JC888
    2023-03-17
    JC888
    If CS fails its effect is worldwide as its an int'l bank. SVB has limited int'l presence no?
  • mel18
    2023-03-17
    mel18
    horrible rich eat poor
  • Trader61
    2023-03-17
    Trader61
    CS too big to fail…
  • Jason1616
    2023-03-17
    Jason1616
    Thanks for sharing
  • Thonyaunn
    2023-03-17
    Thonyaunn
    Gd
  • weteo
    2023-03-17
    weteo
    ok
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